Trump Media Is Now Worth Almost as Much as Elon Musk's X with Stock Rallyi

Matt Levine writes a lot about this.

As just a stock, it's beyond worthless - the company is valued at billions of dollars but their net revenue doesn't even break a million dollars. Trump media makes less money than a used car lot.

However, if you are a proponent of Trump and want a general way to speculate or "buy in" to what is is doing. Or... perhaps you want an off-the-books way of showing loyalty and currying favors, you don't want to contribute to him you could have your company buy a bunch of his shares and skirt any campaign finance restrictions.

The stock market stopped making sense when meme stocks became a thing. It's all a game that is manipulated by powerful players.

So without context: one (defederated) Mastodon server worth as much as Twitter.